DuPont de Nemours, Inc. $DD Holdings Raised by MGO One Seven LLC

Key Points

• MGO One Seven LLC increased its stake in DuPont de Nemours, Inc. by 60.4% to a total of 9,473 shares worth approximately $650,000.
• Various institutional investors, including JNBA Financial Advisors and Valley National Advisers Inc., have also significantly raised their holdings in DuPont, with institutional investors now owning 73.96% of the stock.
• Analyst ratings show mixed sentiments for DuPont, with nine analysts giving it a Buy rating, while Zacks Research recently downgraded it from "hold" to "strong sell", reflecting a diverse outlook on the company's performance.

MGO One Seven LLC lifted its stake in shares of DuPont de Nemours, Inc. (NYSE:DD - Free Report) by 60.4% during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 9,473 shares of the basic materials company's stock after purchasing an additional 3,566 shares during the quarter. MGO One Seven LLC's holdings in DuPont de Nemours were worth $650,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also modified their holdings of the company. JNBA Financial Advisors raised its stake in shares of DuPont de Nemours by 132.5% during the first quarter. JNBA Financial Advisors now owns 379 shares of the basic materials company's stock valued at $28,000 after purchasing an additional 216 shares in the last quarter. Valley National Advisers Inc. raised its position in DuPont de Nemours by 145.0% in the first quarter. Valley National Advisers Inc. now owns 419 shares of the basic materials company's stock worth $31,000 after acquiring an additional 248 shares in the last quarter. WPG Advisers LLC bought a new stake in DuPont de Nemours in the first quarter worth about $35,000. Ransom Advisory Ltd bought a new stake in DuPont de Nemours in the first quarter worth about $40,000. Finally, REAP Financial Group LLC raised its position in DuPont de Nemours by 80.1% in the second quarter. REAP Financial Group LLC now owns 605 shares of the basic materials company's stock worth $42,000 after acquiring an additional 269 shares in the last quarter. 73.96% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Several brokerages have commented on DD. Weiss Ratings reiterated a "hold (c-)" rating on shares of DuPont de Nemours in a research report on Wednesday, October 8th. Royal Bank Of Canada boosted their price target on shares of DuPont de Nemours from $94.00 to $100.00 and gave the stock an "outperform" rating in a research report on Friday. Citigroup boosted their price target on shares of DuPont de Nemours from $85.00 to $93.00 in a research report on Friday, September 19th. Zacks Research cut shares of DuPont de Nemours from a "hold" rating to a "strong sell" rating in a research report on Tuesday. Finally, UBS Group boosted their price objective on DuPont de Nemours from $87.00 to $89.00 and gave the stock a "buy" rating in a report on Monday, July 21st. Nine equities research analysts have rated the stock with a Buy rating, four have issued a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, the company presently has an average rating of "Moderate Buy" and an average target price of $89.75.

Insider Buying and Selling at DuPont de Nemours

In other news, SVP Steven P. Larrabee sold 43,208 shares of the company's stock in a transaction dated Monday, September 15th. The stock was sold at an average price of $77.17, for a total value of $3,334,361.36. Following the transaction, the senior vice president owned 38,585 shares in the company, valued at $2,977,604.45. This represents a 52.83% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. In the last 90 days, insiders sold 74,208 shares of company stock valued at $5,714,861. 0.61% of the stock is owned by corporate insiders.

DuPont de Nemours Price Performance

NYSE DD opened at $79.59 on Friday. The company has a market cap of $33.33 billion, a PE ratio of -169.34, a PEG ratio of 2.26 and a beta of 1.08. DuPont de Nemours, Inc. has a 1 year low of $53.77 and a 1 year high of $87.80. The company has a current ratio of 1.41, a quick ratio of 0.94 and a debt-to-equity ratio of 0.23. The stock's 50-day moving average price is $76.70 and its two-hundred day moving average price is $71.15.

DuPont de Nemours (NYSE:DD - Get Free Report) last issued its earnings results on Monday, July 11th. The basic materials company reported $0.69 earnings per share for the quarter. The company had revenue of $3.02 billion for the quarter. DuPont de Nemours had a positive return on equity of 7.85% and a negative net margin of 1.54%. On average, analysts predict that DuPont de Nemours, Inc. will post 4.38 EPS for the current year.

DuPont de Nemours Profile

DuPont de Nemours, Inc provides technology-based materials and solutions in the United States, Canada, the Asia Pacific, Latin America, Europe, the Middle East, and Africa. It operates through Electronics & Industrial, Water & Protection, and Corporate & Other segments. The Electronics & Industrial segment supplies materials and solutions for the fabrication of semiconductors and integrated circuits.

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